expiration, "options action" finds from dallas to damascus are asking the same question, how can cohen carterdallas to da pass cuss, if only i wish it were so. let's get that answer in just a second. but before all of that, carter, i got a question for you, do you still like exxon? >> you know, i do. here's the interesting, if june of 2008 this stock is where it was. we have but gotten above that high of seven years ago. it has characteristics not only absolute, but if asked, there is a real draw down in the general market. exxon, we will hold on well. it's a low beta stock. it's defensive by nature. we would stay in this trade. >> what about the move, is there a way to get cash on the trade? >> this was a stock that actually rallied, you could have taken main i money off the table by rolling it into a spread or up and out, taking some of those profits. if the stock rallies i will stay in this trade, that's probably what you should look to do. >> i don't like a trade. i will give it to you as a freebie here. >> i think it's up because buffet got in in february. i would look for back to 95. to

this is particularly painful for cohen carter and here is why. st because we risk less doesn't always mean we make more, and sadly that's just what happened to their bet on gold. carter was into the shiny stuff. >> the gld, we play it on the longside. >> all right, mike said, let's try to strike it rich. but just 100 shares of the gold etf? come on, mike. you know that would set us back $13,000. so to spend less, mike instead bought the june 130 strike call for $3.50. now to make money he needs the gld to rise above $130 by more than the $3.50 he spent or above $133.50 by june expiration. but it gets better. because if the gld does rise, then that call will increase in value faster than the stock, meaning more cash in mike's pocket. translation, since he's spending less, mike can make even more. >> that's gold, jerry, gold! >> but actually it's a good thing he did spend less because the gld has plunged more than 6% since the time of the trade making this trade a loser. and that leaves prospectors everywhere with just one more question. how will mi

this is particularly painful for cohen carter and here is why.t because we risk less doesn't always mean we make more, and sadly that's just what happenedto their bet on gold. >> we play it on the long side. >> all right mike said, let's try to strike it rich. but just 100 shares of the gold etf? come on, mike. you know that would set us back $13,000. mike stead bought the june 130 strike call for $3.50. now to make money he needs the gld to rise above $130 by more than the $3.50 he spent or above $133.50 by june expiration. but it gets better. because if the gld does rise, then that call will increase in value faster than the stock, meaning more cash in mike's pocket. translation, since he's spending less, mike can make even more. >> that's gold, jerry, gold! >> but actually it's a good thing he did spend less because the gld has plunged more than 6% since the time of the trade making this trade a loser. and that leaves prospectors everywhere with just one more question. how will mike and carter fix their trade? before we answer that, perhaps th

cohen and anna navara. does it ring true what jason carter's explanation is? >> i won't second-guess jason carter's own personal motives. he's part of a political trend upsetting in this country. you have a large swath of voters including a majority of republican voters who support common sense gun reforms. more americans feel unsafe with open carry laws than safe, right? most americans do not support them. but you have democrats increasingly and republicans running to the right and playing to this sort of extremely small but very vocal right wing base in the country and especially in states like georgia. and that's a troubling prospect. >> i want to talk about results last night. a lot of people to be fair including cnn have been casting their results from this election as a defeat for the tea party. if you look back on the history of this movement back to 2009, can you make the case that they have forced the republican party to adopt many of their ideas and while they may have lost the battle last night, they're winning the war. >> no, i can't make that case